Global trade tensions helped trigger a broad-based retreat across key commodities. The risk of an escalating tit-for-tat trade war could hurt global growth forecasts and with that the outlook for demand of raw materials. Industrial metals slumped to a 12-week low oil was lower due to rising supply while profit taking hit key crops following recent weather surge. [Read More...]
Commodities Weekly: Oil prices ease as supply concerns abate
Geopolitical tensions in Libya and Iraq pushed oil prices and gold higher on Monday. The soft commodities are mixed amid uncertain outlooks after the US-China trade deal. Energy CRUDE OIL prices rose on Monday, with West Texas Intermediate (WTI) hitting the highest level in 10 days. Libya’s oil production ground to a halt after armed forces shut down a pipeline, while Iraq also halted output at one field, with another one also threatened. Prices have since eased back as the market decided non-OPEC supply would be enough to cover any shortfall. In addition, analysts are expecting the weekly stockpiles data from the American Petroleum Institute to show another solid increase in gasoline and distillates. Speculative investors turned net sellers for the first time in six weeks… [Read More...]
Squawk: USDCAD stays bullish; USDJPY still in an intermediate-term range The…
USDCAD stays bullish; USDJPY still in an intermediate-term range The USDCAD forex rate has continued to push erratically higher still building on the prior advance through 1.3228 a key resistance… [Read More...]
COT: Gold rush and record Brent long on Iran supply threat
Hedge funds bought crude oil and products in the week to March 27 in response to a potential threat to supplies from a reintroduction of US sanctions against Iran. The metal sector was mixed with trade tensions and lower stocks hitting industrial related metals while supporting a rush into gold [Read More...]
Squawk: Hello Everybody My name is Mrs Sharon Sim. I live…
Hello Everybody My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation i will refer any person… [Read More...]
Squawk: for live trading signals for forex and commodities one can…
for live trading signals for forex and commodities one can ask us at our whatsapp +91 7799061547 facebook: www.facebook.com/bsh.advisory Thanks and regards BSH Advisory [Read More...]
Strong U.S. Crude Production Growth In October
The Energy Information Administration reported that October crude oil production averaged 12.655 million barrels per day (mmbd), up 171,000 b/d from September. In addition, the September estimate was revised 21,000 b/d higher, and so the total gain was 192,000 b/d from the prior estimate. Texas production reached a new high of 5.273 mmbd, up 53,000 […] The post Strong U.S. Crude Production Growth In October appeared first on INO.com Trader's Blog. [Read More...]